New to Forex. 500 Euro in my Broker Account. This Forex Robot looks good.

Email received recently: New to Forex. 500 Euro in my Broker Account. This Forex Robot looks good. What do you think?

Making Money in the Forex Market

If you are new to Forex , here is how Forex trading works. You need to be highly experienced to make money. You can not buy money by buying a Robot. Robots are very dangerous and need a lot of experience to decide which currency, timeframe, setting etc to use. It is not easy. The results you see are achieved by people with years of experience.

So never trade real money unless you know 100% what you are doing and 100% confident about your trading approach.

The results you see advertised have been achieved by highly experienced traders or are highly optimized back-traded results showing the potential of the EA, so can be misleading. They are information and not claims. Never confuse information with claims. It shows a lack of self responsibility. You are trying to put the blame on someone else before you have even tried something. Oh, by the way Forex trading is very, very psychological. That is the main reason people don’t succeed.

Do not believe anything you hear in the Forex market. Don’t accept any information as true. Prove everything to yourself. Experience everything for yourself. Build your own belief system – not a borrowed one.

Until then treat Forex as a hobby and don’t risk any money. Learn as much as you can about it.

Solutions

You can make money trading Forex on a part time basis using longer term chart such as the 4 hour and Daily charts so Forex trading can suite everybody’s lifestyle.

Also Forex is a practical skill like swimming or golf. You don’t make money from not getting into the water or not going onto the Golf course. Develop your skills trading as much as you can. You can not become successful at Forex sitting on a chair or at a coffee shop doing mental gymnastics.

There are 2 approaches you can take. It is important that you see success quickly so you know what your goal is.

We have a continuous mentorship program that runs until you succeed. You trade 90% of the time and develop your skills under the watchful eye of an experienced trader. You need to know all about manual trading to be successful Robot trader so this option is also covered.
The other develop the skill of following successful traders. That way you can simply invest in successful traders and not learn Forex at all.

If you are new to Forex you need to decide which skills you want to develop. Do you want to make money as a Forex Trader (Manual or Using Robots) or do you want to make money following successful traders.